Netflix is expanding significantly on the East Coast with a $900 million production studio at the former Fort Monmouth Army base in Eatontown, New Jersey. This development represents Netflix's largest investment in the area, projected to create around 5,000 jobs, aided by substantial state tax incentives. The facility will feature multiple soundstages and office spaces, strategically benefiting from New Jersey's favorable tax credit programs. This move underscores a broader trend of media companies diversifying their operations away from expensive West Coast markets.
Netflix's investment in a $900 million production studio in New Jersey marks its largest East Coast expansion, promising 5,000 jobs and significant tax incentives.
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